Q1 2026: Results approved

Q1-26 TURNOVER: +13.4%,
Q1-26 NET INCOME: +45%

FIRST HYPERSCALE CONTRACT REINFORCES POSITIONING AMONG LEADING SUPPLIERS OF MISSION-CRITICAL COOLING COMPONENTS FOR DATA CENTRE

In Q1-26 LUVE achieved:

• turnover €153.4 million (+13.4% compared to Q1-25, +14.7% at constant FX));
• adjusted EBITDA €21.4 million, 14.0% of sales (+16.9%);
• net income €11.3 million (+45%);
• order backlog €300.9 million (+ 43%);

As of 31 March 2026, the net financial position amounted to €91.4 million (an improvement of €12.6 million compared to March 2025).

Uboldo (Va), May 12, 2026 – The Board of Directors of LU-VE S.p.A., at its meeting today, approved the consolidated results as of 31 March 2026.

“We are pleased with the excellent start to 2026. In the first quarter, we achieved growth above our medium- to long-term guidance and significantly improved profitability, while reaching a new record level in our order backlog. – said Matteo Liberali, President and CEO of LUVE – The signing of the first long-term contract with a hyperscaler represents an important step in our strategic positioning within the data center segment, further strengthens our confidence in the medium- to long-term growth outlook, and is the result of excellent teamwork by a passionate and highly skilled international team, whom I would like to thank once again.”